- ISIN
- US38143H8604
- Issuer
- Goldman Sachs
- Inception Date
- Nov 2, 2003
- Category
- Government Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GSUIX Performance Chart
Goldman Sachs U.S. Mortgages Fund (GSUIX) is up 0.5% since the beginning of the year. GSUIX is currently trading at $9 per share. Investors who bought $1,000 worth of GSUIX shares 5 years ago would now be looking at an investment worth $991.
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Returns By Period
Goldman Sachs U.S. Mortgages Fund (GSUIX) has returned 0.52% so far this year and 5.84% over the past 12 months. Over the last ten years, GSUIX has returned 1.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Goldman Sachs U.S. Mortgages Fund
- 1D
- 0.22%
- 1M
- 0.86%
- YTD
- 0.52%
- 6M
- 0.96%
- 1Y
- 5.84%
- 3Y*
- 3.92%
- 5Y*
- -0.18%
- 10Y*
- 1.20%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSUIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2004, GSUIX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +5.2%, while the worst month was Sep 2022 at -5.6%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 9 months.
On a daily basis, GSUIX closed higher 40% of trading days. The best single day was Nov 10, 2022 with a return of +2.5%, while the worst single day was Sep 26, 2022 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.55% | 1.54% | -1.83% | 0.32% | 0.19% | -0.22% | 0.52% | ||||||
| 2025 | 0.58% | 2.39% | 0.03% | 0.31% | -0.91% | 1.80% | -0.44% | 1.69% | 1.11% | 0.77% | 0.66% | 0.06% | 8.31% |
| 2024 | -0.24% | -1.67% | 0.62% | -2.72% | 1.97% | 0.69% | 2.63% | 1.57% | 1.20% | -2.72% | 1.24% | -1.77% | 0.61% |
| 2023 | 3.44% | -2.74% | 2.00% | 0.52% | -0.78% | -0.55% | 0.10% | -1.12% | -3.09% | -2.47% | 5.17% | 4.36% | 4.51% |
| 2022 | -1.42% | -0.93% | -2.83% | -3.37% | 0.72% | -1.98% | 2.87% | -3.29% | -5.57% | -1.45% | 4.32% | -0.60% | -13.09% |
| 2021 | 0.13% | -0.73% | -0.62% | 0.69% | -0.23% | -0.07% | 0.53% | -0.13% | -0.36% | -0.36% | -0.03% | -0.18% | -1.35% |
Benchmark Metrics
Goldman Sachs U.S. Mortgages Fund has an annualized alpha of 2.90%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 2004.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (12.77%) than losses (6.29%) - typical of diversified or defensive assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.90%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 12.77%
- Downside Capture
- 6.29%
Expense Ratio
GSUIX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GSUIX ranks 29 for risk / return — below 29% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs U.S. Mortgages Fund (GSUIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSUIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.78 | -0.87 |
| Martin ratioReturn relative to average drawdown | 5.73 | 12.44 | -6.71 |
Dividends
Dividend History
Goldman Sachs U.S. Mortgages Fund provided a 4.02% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.37 | $0.30 | $0.28 | $0.17 | $0.18 | $0.31 | $0.34 | $0.30 | $0.27 | $0.28 | $0.29 |
Dividend yield | 4.02% | 4.01% | 3.45% | 3.14% | 1.87% | 1.67% | 2.88% | 3.26% | 2.94% | 2.58% | 2.65% | 2.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs U.S. Mortgages Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.15 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2024 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.00 | $0.03 | $0.03 | $0.28 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.17 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs U.S. Mortgages Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs U.S. Mortgages Fund was 19.29%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Goldman Sachs U.S. Mortgages Fund drawdown is 2.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -19.29%Oct 2023 | 2y 8mo | — | 5y 4moFeb 2021 - now |
Financial crisis2007–2009 | -10.50%Nov 2008 | 10mo 1d | 6mo 1d | 1y 3moJan 2008 - May 2009 |
COVID crash2020 | -4.67%Mar 2020 | 10d | 1mo 11d | 1mo 21dMar 2020 - Apr 2020 |
2013 pullback2013 | -3.98%Sep 2013 | 4mo 6d | 5mo 1d | 9mo 7dMay 2013 - Feb 2014 |
2004 pullback2004 | -3.59%May 2004 | 1mo 20d | 3mo 1d | 4mo 21dMar 2004 - Aug 2004 |
Drawdown Indicators
| GSUIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.29% | -56.78% | +37.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -9.10% | +5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.75% | -18.90% | +11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -25.43% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -19.29% | -33.92% | +14.63% |
Current DrawdownCurrent decline from peak | -2.26% | -1.80% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -10.71% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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